Dicker Data Posted Financial Results Update for FY 2018

  • Jan 29, 2019 AEDT
  • Team Kalkine
Dicker Data Posted Financial Results Update for FY 2018

Dicker Data Limited (ASX: DDR) had come forward and made an announcement about the update with regards to unaudited financial results for FY 2018 with the help of press release. The company happens to be a hardware distributor which is possessing the experience of more than 35 years. The company got admitted in the ASX’s list on January 24, 2011. The company is trading on ASX under the symbol “DDR.” Talking about the company’s management, Mr. David Dicker is the Chairman and CEO (or Chief Executing Officer) of Dicker Data Limited and Mr. Vlad Mitnovetski is the Chief Operating Officer and the Executive Director.

As per the press release dated January 29, 2019, the company posted total revenues amounting to $1.494 billion in FY 2018 which reflects the growth of 14.4% as compared to FY 2017. The company’s profit before tax or PBT is anticipated to finalise at $0.046 billion for FY 2018 which reflects the growth of 15% on the YoY basis. 

The above-mentioned results would be finalised after the year-end audit. The press release issued by the company also stated that, on February 28, 2019, the company’s board would be coming up with full financial results. Not so long ago, the company issued a press release which was focused on the company secretary appointment. As per the release issued by Dicker Data Limited, Ms. Leanne Ralph had given the resignation from the post of company secretary. The same release also gave information about the new appointment. The company stated that Mr. Erin McMullen has been placed as the company secretary.

Talking about the company’s previous announcements, Dicker Data Limited had earlier published the investor presentation in which there was a discussion about the half year ended June 30, 2018. As per the presentation, the company managed to garner revenues amounting to $717.5 million in the half year. The company posted gross profit amounting to $63.6 million in the six months to June 2018 which implies the growth of 11.4% on the YoY basis. As reflected in the company’s investor presentation, operating costs of Dicker Data Limited witnessed a marginal rise as the proportion of revenue because Dicker Data Limited had made deployments towards the headcount so that the growth can be facilitated.

We would now understand how Dicker Data Limited has performed today and how it has performed in the past. Today, the company’s stock closed the session in green and the stock price ended the day at A$3.030 per share which implies the rise of A$0.180 per share or 6.316%. The market capitalization of Dicker Data Limited stood at $458.04 million. The annual dividend yield of Dicker Data Limited stood at 6.32%. Over the past three months, the company’s stock price has delivered the return of -1.38%, and in the span of 6 months, the company’s stock posted the return of -4.68%.


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